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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3422 Business Ctr Dr Pearland, TX 77584-4155

    • Community centers
    • 17,840 SF
    • 2.03 lot acres
    OFF-MARKET
    Last Sale
    Jan 27, 2020
    Value Estimations
    $690,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-9354662
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Sea Lotus Dentistry / Dentist
    • Cruncheese Korean Hot Dog / Hot Dog Restaurant
    • Blackbird Legal / Legal Aid Office
    • Sixth Scents Candle Shop, LLC / Candle Store
    • Cinnaholic / Dessert Shop / Vegan Restaurant

    Property Details for 3422 Business Ctr Dr

    Year built
    2018
    Lot size
    2.03 lot acres
    Property size
    17,840 SF
    Property type
    Community centers
    APN
    6563-0001-003
    APU
    65630001003

    Description

    Southfork Centre offers a fantastic retail opportunity in Pearland, Texas. This vibrant shopping center, totaling 17,653 square feet, boasts a prime location at 3422 Business Center Drive, conveniently situated next to a Costco. Built in 2018, the center enjoys strong visibility and high traffic counts. The available space measures 2,200 square feet and is perfect for a variety of retail uses. The center is currently home to a diverse mix of established businesses, including Legendary Nails, School of Rock, Cinnaholic, Sea Lotus Dentistry, and Szechuan Spice, creating a synergistic and thriving retail environment. This property presents a unique chance to establish a presence in a rapidly growing area with excellent demographics and strong consumer spending. The building's modern construction and desirable location make it an attractive option for businesses seeking high visibility and foot traffic. Brazoria County's robust economy and Pearland's expanding population base offer significant potential for growth and success. The available space is part of a multi-tenant building, providing a collaborative and supportive atmosphere for businesses. Contact us today to learn more about this exceptional retail leasing opportunity in Pearland, Texas, zip code 77584.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $535,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $847,000
      Market price range: $613k - $981k

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $765,000
      Current use
      OFFICE BUILDING
      $1,055,000
      Change: +38% Conversion: Moderate
      MEDICAL BUILDING
      $995,000
      Change: +31% Conversion: Difficult
      INDUSTRIAL (GENERAL)
      $780,000
      Change: +2% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Pearland
    County
    Brazoria
    State
    Texas
    Longitude
    -95.3902
    Latitude
    29.5463
    CBSA code
    26420
    CBSA name
    HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2018
    $117,175
    $1,037,040
    $3,428,230
    $4,465,270
    -
    $1,037,040
    $3,428,230
    $4,465,270

    Comparable in this City

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      29,633 SF

      11041 Shadow Crk Pkwy

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      View Details
    • Value Estimation
      $1,295,000
      25,900 SF

      10228 Broadway St

      MINI-MALL • 25,900 SF
      10228 Broadway St, Pearland, TX 77584-7874
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    • Value Estimation
      $715,000
      15,840 SF

      10009 Broadway St

      MINI-MALL • 15,840 SF
      10009 Broadway St, Pearland, TX 77584-9756
      View Details
    • Value Estimation by Request
      12,000 SF

      15818 Ss Fwy

      MINI-MALL • 12,000 SF
      15818 Ss Fwy, Pearland, TX 77584-1801
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    • Value Estimation
      $670,000
      15,149 SF

      11555 Magnolia Pkwy

      MINI-MALL • 15,149 SF
      11555 Magnolia Pkwy, Pearland, TX 77584-2146
      View Details
    • Value Estimation
      $685,000
      13,780 SF

      9603 Broadway St

      MINI-MALL • 13,780 SF
      9603 Broadway St, Pearland, TX 77584-9771
      View Details

    Similar Nearby for Sale

    • Contact for pricing
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      Brand new Class A shopping center with strong leases.
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      Pearland Car Wash Investment Property

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      Pearland Commercial Land Opportunity

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      Pearland Commercial Land - 6.7 Acres

      Prime Pearland acreage, high traffic area.
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    Similar Nearby for Lease

    • Contact for pricing
      644,920 SF

      Pearland Town Center Retail Space

      Prime Pearland retail space, multiple units available.
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      View Details
    • $2 SF/Yr
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      Retail Space Near Shadow Creek

      Retail space for lease near Shadow Creek Ranch community.
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      View Details
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      Retail and Professional Destination

      Prime location with versatile spaces for retail and professional use.
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    • Contact for pricing
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      Pearland Retail Development Opportunity

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      Retail Center on Kirby Drive

      12,000 SF retail center near Shadow Creek Ranch.
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    • Contact for pricing
      9,154 SF

      Retail Space in Pearland Corridor

      Retail space with high visibility near SH-288 and Shadow Creek Ranch High School.
      11836 Broadway St, Pearland, TX 77584
      View Details
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    Pearland, TX 77584-4155
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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